DGAP-News: Steinhoff International Holdings N.V. : ASSISTANCE WITH THE RECLAIMING OF SOUTH AFRICAN DIVIDENDS WITHHOLDING TAX

ONLY APPLICABLE TO SHAREHOLDERS WHO HELD SHARES IN THE COMPANY THROUGH CLEARSTREAM BANKING S.A. LUXEMBOURG ON THE FRANKFURT STOCK EXCHANGE ON THE RELEVANT DIVIDEND RECORD DATES AS SET OUT BELOW.

ASSISTANCE WITH THE RECLAIMING OF SOUTH AFRICAN DIVIDENDS WITHHOLDING TAX

Steinhoff International Holdings N.V. (the "Company" or "Steinhoff")

BACKGROUND

The Company is:

- A Dutch incorporated entity;

- Tax resident in South Africa;

- Primary listed on the Frankfurt Stock Exchange ("FSE"); and

- Secondary listed on the Johannesburg Stock Exchange ("JSE").

As a result of the FSE and JSE listings, the Company's shareholders are able to hold their shares in the Company either on the JSE or the FSE. The JSE held shares are administrated in South Africa by Computershare Transfer Secretaries (Pty) Ltd ("Computershare"), whilst the FSE held shares are managed through Clearstream Banking S.A. Luxembourg ("Clearstream").

Since the Company's listing in December 2015 it has paid two dividends. The first was an interim dividend, amounting to EUR0.12 per share, which dividend had a record date of 2 December 2016 and was paid on 6 December 2016 ("the Interim Dividend"). A final dividend of EUR0.03 per share had a record date of 17 March 2017 and was paid on 20 March 2017 ("the Final Dividend").

As the Company is a South African tax resident, dividends paid by the Company are subject to South African Dividends Withholding Tax ("SADWT"). Dividends declared by the Company were paid in two lines - dividends in respect of shares held on the JSE line were paid in South African Rand to Computershare, who paid the gross amount of the dividend to the respective SA intermediaries. The intermediaries withheld the applicable SADWT and paid it across to the South African Revenue Service ("SARS"). The Company acted as intermediary in respect of ordinary shares held on the FSE line and withheld SADWT, which was paid across to SARS.

The Interim Dividend was subject to SADWT at a rate of 15%, whilst the Final Dividend was subject to SADWT at a rate of 20%, following a rate increase. Certain exemptions applied to SA Corporate shareholders and reduced rates were applicable to foreign shareholders depending on the double tax agreements in place between South Africa and the relevant jurisdictions in which such shareholders are based.

The Company facilitated the reduced rate claims by allowing shareholders holding their shares on the FSE line to submit valid declarations. The Company considered all valid declarations timeously received and ensured that qualifying shareholders received a refund of the tax withheld after receipt of valid original declarations. However, a number of shareholders only contacted the Company and advised that they had a claim for a reduced rate after the SADWT was paid to SARS by the Company.

ASSISTANCE OFFERED

In order to reclaim such SADWT from SARS, the Company will facilitate a once-off process on behalf of shareholders with valid claims. To this end, shareholders wishing to institute a claim must please do so by no later than 31 July 2018 by submitting the requisite documentation set out below.

PLEASE NOTE THAT THE RECLAIM PROCESS IS ONLY APPLICABLE TO SHAREHOLDERS WHO HELD THEIR SHARES ON THE FSE LINE (CLEARSTREAM) AT THE TIME OF THE RELEVANT DIVIDEND RECORD DATES. IT IS NOT APPLICABLE TO ANY SHARES HELD ON THE JSE LINE.

The Company will require a submission of the requisite information by email to 2016distribution@steinhoffinternational.com, but will also require original documentation to be sent to the Company's postal address being PO Box 122, Stellenbosch, South Africa, 7599 for the attention of the Tax Manager, to be received by no later than 31 July 2018. The Company will not be responsible for facilitating refunds where documentation is incomplete and/or is not received timeously for any reason, including but not limited to postal delays.

INFORMATION REQUIRED TO INSTITUTE A RECLAIM OF SADWT:

In order to institute a valid claim shareholders are required to provide the following:

- Proof of receipt of the Interim Dividend and / or the Final Dividend;

- Confirmation that such shareholder was the legal and beneficial owner of the relevant  shares on the respective dividend record dates, being Friday 2 December 2016 in respect of the Interim Dividend and Friday 17 March 2017 in respect of the Final Dividend;

- Declaration documentation to be submitted to SARS noting the details and validity of their claim - a copy of the documentation to be completed is available on the Company's website at www.steinhoffinternational.com;

- Bank details to which any refund due may be submitted, including contact person details for verification purposes.

5 June 2018